An analysis of product liability insurance of Singapore exporters.

Product liability has been an area of notable significance during the second half of the twnetieth century. It assumed its present importance following the introduction of "strict liability" in tort in various overseas countries. Strict liability is a relatively new concept when compared to the traditional principles of negligence and breach of contractual warranty. It enables liability to be imputed upon any entity in the chain of distribution irrespective of conduct or the lack of contractual relationship with the defendent. Recent developments in this field have caused considerable sensation and controversy with regard to the basis upon which judgements are passed and amounts awarded.Master of Busines

Bancassurance-historical perspective, growth and future outlook.

The close relationship between banks and insurers is evident. Their relationship has intensified with the blurring of the traditional barriers between these two financial institutions. It has resulted in a transformation of the financial industry. Banks faced with declining profitability seek to maintain their revenue through increasing their fee-based income through insurance. The insurance sector is one of the major areas of diversification. Insurance companies are fearful of losing ground as this is perceived as an encroachment. They are often urged to set up their own distribution systems to avoid the banks appropriating their policyholders.BUSINES